Go with the Bandit. Also, check out the Kawi ZRX and the original Buell M2 Cyclone.
All should be in the same insurance bracket and parts are everywhere.
MT01, from what I've heard, is a blast but not exactly a "fast" bike for what it is. The hop-up kits are up there in price, as well.
Dollar for dollar, pick a different bike than the Yamaha MT01- Like a 2001-2004 FZ1.